Burning forecast 05/22/2018

Burning forecast 05/22/2018

EURUSD: Preparing for an upward breakthrough.

There are no important news that can cause a new trend in the markets. In addition to oil growth, Brent crude almost reached the level of $80 per barrel, for the first time since 2014. The reasons are aggravation of US-Iran relations (and the possibility of imposing a ban on the purchase of Iranian oil) - plus possible US sanctions against Venezuela (related to the elections in Venezuela).

Otherwise, the market is quiet - perhaps the driver will be the Fed's minutes, which will be released on May 23.

The Euro is preparing for a further breakthrough of the range.

Buy the euro from 1.1850 stop at 1.1805 target 1.2000

Alternative: Sell euro from 1.1715 stop 1.1760 target 1.1615